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Search Results 0 to 16 of about 17 (some duplicates have been removed)
Jan 30, 2013 5:00pm PST
the debt, they would have been eager to let all the bush tax cuts expire. the cbo has shown that if we did that, debt as a share of the economy would fall to half in the next ten years. and if we were to leave the bush cuts in place, it would double. so, no, they're not serious about cutting deficits. they're serious about continuing to pose as the party of tax cuts for the rich. >> and i want to point out that just about an hour after we got the report on the gdp, senate minority leader mitch mcconnell gave this warning about government spending. here it is. >> this, my colleagues, is the europeanization of america. this is the pathway to greece. >> really? your thoughts on that. >> well, there is one way that we are on a pathway to greece. in greece they do not have an effective tax system, and people cheat left and right. we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all gov
FOX News
Jan 30, 2013 6:00am PST
%. back then we were staring tax increases in the face. there was the fiscal cliff coming right at us. consumer sentiment was in a tailspin. and weak holiday sales. add it all up, and you have got a contraction of the economy at the end of last year. okay? you've got a contraction. right now, just a few short weeks later, what you've got is a near-record high for the stock market. the dow is closing in on an all-time high. that is because the housing market is recovering. that is still true, despite the slippage in the economy. housing is recovering. most important, ben bernanke, martha, is printing up a storm of money and a lot of it is going right into the stock market. therefore, the market rallies, even though the economy contracts. martha: that would be an argument for sort of a false fluffy high in the stock market, i would imagine, right? >> i will not predict the stock market now, tomorrow or into the future but i will tell you that the market despite that terrible economic news will open only maybe 15 points lower for the dow industrials this morning. martha: you think back,
Jan 30, 2013 2:00pm PST
taxes. i think one of the things that you're seeing is there is this change. i think it's happened much more quickly than a lot of people thought it would. mccain reverting back to the old mccain. lindsey graham who is facing probably a primary test down in south carolina, a state that is now 5% latino. one of the fastest-growing states in the terms of latino population down there. so i think we're going to see the sort of blood letting on the republican party along all of these issues, but i think at the end of the day mccain speaks for a majority of republicans who are looking at a way to reform their party and looking at these changing demographics. >> howard, the stakes are high for one republican in particular. senator marco rubio has been front and center on rush limbaugh's radio program making the case for immigration reform. while limbaugh praised him, he's also met his share of critics. see what david vitter told laura ingrham today. >> i love marco but i think he's amazingly naive on this issue. this is the same old formula we've dealt with before including when it passed in 1
Jan 31, 2013 3:00am PST
because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in forward markets. europe is careening into a recession. japan is still in deep trouble. china's growth has slowed. profits are the highest share of the u.s. economy on record. wages are the lowest. but this imbalance can't and won't last. >> can't and won't. and look what's happening on wall street. they're doing better, willie, than ever before. >> mm-hmm. >> ever before. for the past four years, wall street has exploded over the past four years. real income has dropped for middle-class americans. the poverty rate's gone up. one in four americans are on food stamps. you talk about two americas. john edwards is right. >> incomes. >> over the past
Jan 30, 2013 6:00am PST
and the tax increases that took effect this month. >>> a new report from payroll processor adp says they added 192,000 jobs this month. it also could be a sign of growth in the labor market. the federal government releases its january jobs report that covers public and private sector employment on friday. >>> time now 6:51. it's supposed to be a big celebration but the police are worried about thieves. the warning now for businesses in san francisco's china town. ahead of the lunar new year. >>> bay area child who vanished in the 1980s. how family and friends are honoring her. >>> welcome back to the ktvu morning news. talking about the economy shrinking the gdp numbers. the dow jones is down slightly this morning. a star on the nasdaq is amazon. investors like that stock. it's up about $17 a share. >>> time is 6:55. police in brentwood just released two sketches in connection to a drive by shooting that injured four teenagers. investigators say the sketches resembled two of the four men. the driver described address a white man with blond hair between 18 and 25 years old. one of the passenger
Jan 30, 2013 1:00pm PST
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Jan 31, 2013 2:00pm PST
unemployed paid the taxes that support food stamps, has been widely accepted in this society, including by ron neld reagan. i have no idea why this guy cuccinelli would want to borrow one of the wornst lines ever uttered in american presidential politics and put it out there as he's starting to run for governor of virginia. he needs to get support in northern virginia. this is going to hurt him there. it's going to have a very tough race against terry mcauliffe and he may actually break the streak that's been going on for decades that whoever wins the presidency, their party loses the governorship of virginia the next time. michael steele months ago i think on this program with me said the 47% line was a disaster. i don't know why anybody would repeat it. >> let me ask you this, it comes down to numbers. everybody knows there's some people are who cheating, some who aren't looking for a job. do you build a whole philosophy about maybe 5% of the people on welfare are just taking it easy or the republican notion 90% of the people on welfare cheat and just grab the check. that is the way t
Search Results 0 to 16 of about 17 (some duplicates have been removed)